Calculate & Plot Residuals – Excel & Google Sheets
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This tutorial will demonstrate how to calculate and plot residuals in Excel and Google Sheets.
Calculate & Plot Residuals – Excel
Starting with your Data
We’ll start with this dataset containing values for the X and Y Axis.
Creating a Scatterplot
- Select your Data
- Click Insert
- Select Scatterplot
- Select the first Scatterplot
The Scatterplot should look similar to the one below.
Trendline
- Select + Sign in top right of the graph
- Select the Arrow next to Trendline
- Click More Options
4. Select Linear Trendline
5. Check Display Equation on Chart
The trendline looks similar to the one below, that also shows the equation.
Copy and Paste Equation
- Highlight the equation and copy (CTRL + C)
- Paste the equation on the worksheet (CTRL + V)
Calculate Values
Using the equation from the previous step, create a formula: replacing x with the X Value in the table. Drag this formula down for all of the values.
Table with Predicted Values
This formula calculates the predicted Y-axis values.
Find Residuals
Find the residuals by using the formula = Y Value – Predicted Values. Repeat this for all Values
Creating Residual Plot
- Highlight the X Values
- Hold down CTRL and highlight Residuals
- Click Insert
- Select Scatter
- Click the first Scatterplot
Final Residual Plot
This is the final residual plot
Calculate & Plot Residuals – Google Sheets
We’ll start with the Scatterplot below in Google Sheets
Creating a Trendline
- Double Click Graph
- Select Customize in Chart Editor
- Click Series
4. Check Trendline
5. Select Use Equation under Label
Predicted Values
Similar to the Excel example above, plug in the X Value in the equation that was given as shown below. Do this for all of the Values. This gives us the predicted Y-Axis values.
Residual Values
Similar to Excel, you’ll repeat the same formula where =Y Value – Predicted Value
Creating Residual Plot
- Highlight Y Value and Predicted Values and Right Click
- Select Hide Column C-D
3. Highlight X and Residual Values
4. Select Insert
5. Click Chart
6. Change Chart Type to Scatter Chart